Barclays Maintains Overweight on McDonald's, Lowers Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on McDonald's (MCD) but lowers the price target from $343 to $340.
February 06, 2024 | 3:53 pm
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Barclays maintains an Overweight rating on McDonald's but lowers the price target from $343 to $340.
The adjustment in price target by Barclays, while maintaining an Overweight rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. The reduction in price target is relatively minor, indicating that the overall bullish stance on McDonald's remains intact. This news is likely to have a neutral short-term impact on McDonald's stock price as the market digests the slight adjustment in expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90